USA Rare Earth outlines domestic mine-to-magnet strategy
Since founding privately held USA Rare Earth three years ago, Pini Althaus has focused on turning his vision of creating a secure supply of rare earth elements in the United…
Newmont
Pure Gold becomes Canada’s newest gold producer
Pure Gold Mining (TSXV: PGM; LSE: PUR; US-OTC: LRTNF) poured its first gold in the final week of 2020 at its PureGold mine in Red Lake, Ontario and the company…
Canada rejects Shandong’s bid to buy TMAC
The Canadian government has rejected Shandong Gold Mining’s bid to acquire TMAC Resources (TSX: TMR), the companies said. In a filing to the Shanghai Stock Exchange, Shandong Gold said it had…
US markets slip, Dec. 7-11
The Dow Jones Industrial Average fell 0.57% to finish the trading week at 30,046.37 and the S&P 500 declined by 0.96% to 3,663.46. Spot gold dropped US$24.50 per oz., or…
Newmont’s Musselwhite mine ramping up to full operations
Newmont (TSX: NGT; NYSE: NEM) is ramping up towards full operations at its Musselwhite mine in Ontario following successful commissioning of the mine’s conveyor system and the material handling system….
TSX rises, Nov. 9-13
The S&P/TSX Composite Index rose 2.41% to 16,675.64 during the Nov. 9-13 trading week. The S&P/TSX Global Mining Index declined by 2.43% to 96.48, and the S&P/TSX Global Base Metals…
US markets slump, Oct. 26-30
The Dow Jones Industrial Average slumped 6.47% to finish the week at 26,501.60, and the S&P 500 fell by 5.64% to 3,269.96. Spot gold dropped US$22.70 per oz., or 1.19%,…
Top miners, University of Queensland join forces to research coarse particle processing
Researchers from the University of Queensland’s Sustainable Minerals Institute and representatives from Anglo American (LSE: AAL), Aeris Resources, Eriez Flotation Division, Glencore (LSE: GLEN), Hudbay Minerals (TSX: HBM; NYSE: HBM),…
Kirkland Lake raises dividend on strong earnings
Kirkland Lake Gold (TSX:KL; NYSE: KL) reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville…
Maverix to acquire gold royalty portfolio from Newmont
Gold-focused royalty and streaming company Maverix Metals (TSX: MME; NYSE-AM: MMX) has entered into a binding agreement with Newmont to acquire a portfolio of 11 gold royalties on preproduction assets…
Gold output to fall 1.7% in 2020 on shutdowns: report
The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says…
Tectonic Metals drills high-grade gold at Tibbs project in Alaska
Tectonic Metals (TSXV: TECT; US-OTC: TETOF) has released the first set of drill results from the 2020 drilling campaign at its Tibbs gold project, located in the Goodpaster mining district, 175…